alstry (35.28)

Now The Layoffs Really Begin

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Pfizer and Merck have begun to spell out exactly where the axe will fall as they each absorb a big new acquisition into their organizations. According to Pharmalot, Pfizer has told New Jersey officials that 400 people at Wyeth's old Monmouth Junction research center are getting the pink slip at the end of this month. And Merck will eliminate 500 jobs--mostly sales and administrative positions--from Schering-Plough's old headquarters in Kenilworth.

These layoffs are just the beginning, of course. Both pharma companies are planning deep cuts to eradicate any overlaps with the companies that they are swallowing. And in another ominous note for Big Pharma's embattled R&D organizations, Merck CEO Dick Clark (photo) told an audience attending a Goldman Sachs event that the company has to look at "the number of research sites you need" post-merger.

It is not just cold outside these days, as Merck & Co. makes some cold hard decisions. Following on the heels of its now closed acquisition of Schering-Plough, Merck is making significant job cuts across its operations. Some 16,000 jobs are expected to be eliminated in total as a result of the merger.MASSIVE LAYOFFS FOR SHIPPING AND TRANSPORTATION.....

Can you imagine how frustrating it can be for some......knowing that insolvent banksters and politicians are getting paid and you are getting fired?????

A disgruntled worker embroiled in a pension dispute with his company showed up at the plant and opened fire Thursday, killing three people and wounding five before apparently killing himself.

These are absolutely insane times when government is treating citizens so differently. When Timmy the G can instruct companies to withhold information required to be disclosed without recourse is telling.......

I can't believe a revolution hasn't begun already. Personally, I'm very fortunate to have 2 jobs. If I were unemployed like so many are these days...well, I don't blame anyone for being angry at those who are most responsible for all this mess. At least the markets been moving up lately.